![Open Position](https://img-cdn.financeunlocked.com/headers-images/financeunlocked/3.jpg?ik-sdk-version=javascript-1.0.3)
Open Position
In trading, an open position is an existing long or short trade that is open to market movements. The position is opened once the trader fulfills all the requirements to trade, such as posting margin and signing any trade documentation. A trade is only closed when the trade expires or when the trader closes out the position